CMHC reveals which cities are leading, lagging on housing starts [Wealth Professional (Canada)]
Cabot Corporation (CBT)
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Source: Wealth Professional
Canada's six largest CMAs recorded a 3.9% rise in housing starts in 2025, driven by a 58% jump in Montréal and record starts in Calgary and Edmonton, while Toronto fell 31% and Vancouver slipped 3%, CMHC said. CMHC said the metro gains helped lift the national annual total for all areas in Canada to 259,028 housing starts in 2025, up 5.6% from 245,367 in 2024 and ranking as the fifth highest annual total on record. In centres with populations of 10,000 and over, actual housing starts rose 6% to 241,171 units, compared with 227,697 in 2024. The year-over-year increase was driven by a second consecutive year of record rental housing starts, which made up just over half of all housing starts in Canada's urban centres, CMHC said. Monthly data showed increased activity late in the year, though the trend measure was little changed. The six-month trend in housing starts was flat (-0.1%) in December at 264,428 units. The trend measure is a six-month moving average of the seasonally adj
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